This short-selling position finally paid off. The moment $NIL got pushed down from the high, the whole market “taste” changed. A lot of people are still watching for a rebound, thinking it’s just normal consolidation, but what I was paying attention to was that the price kept failing to push through the upper area—momentum couldn’t keep up, and the bids began to loosen.

The short entry was at 0.07011. Now the price is at 0.03542, and the unrealized profit is already up +2382.82%. This move wasn’t based on guessing. After the market faced pressure at the high, the price repeatedly failed on the way back up; the short-sellers’ tempo slowly took control.

What really caught my attention was that after breaking a key level, there wasn’t a quick reclaim—showing the bulls couldn’t hold. Here, I’ll take about 80% to lock in gains first, and keep 20% for further downside. My protection level will follow down, so the profits already taken don’t get eaten up by a rebound.

If you didn’t get on board, don’t rush. What I’m most afraid of is seeing a profitable case and then chasing the short. Missing it is fine—don’t chase. Wait for the next opportunity.

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